October 20, 2021

Silicon Tetrachloride Market 2021 Business Opportunities and Growth Drivers to 2030; Precedence Research

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According to Precedence Research, the global silicon tetrachloride market was estimated at US$ 2.08 billion in 2020 and is projected to reach US$ 3.32 billion by 2030, registering a CAGR of 4.9 % from 2021 to 2030. The report contains 150+ pages with detailed analysis.

Silicon Tetrachloride Market Size 2017-2030

The report provides the overall revenue of the global silicon tetrachloride market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year. The study includes drivers and restraints of this global market. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global silicon tetrachloride market for the period from 2017 to 2030.

Silicon tetrachloride is the colorless inorganic fuming liquid and is used to produce high purity silicon. It can be produced by using several methods and compounds including chlorine, metal silicon, and coke among others. Moreover, it can be also produced as a byproduct after treating metallurgical grade silicon to form polysilicon. For each ton of polysilicon, 3-4 tons of silicon tetrachloride is generated. Polysilicon manufacturer’s further process the waste silicon tetrachloride generated and reuses it after processing. This saves the energy cost and raw material cost however, required an expensive set of machinery to process waste silicon tetrachloride.

Solar energy is the major consumer of silicon tetrachloride. Both of the industries are witnessing significant growth and is likely to aid the global silicon tetrachloride market. However, owing to its toxic nature, photovoltaic cell manufacturers are adopting alternative manufacturing processes including thin film-based solar cells which are likely to hamper the demand for silicon tetrachloride.

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Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors:

Factors such as high demand for smartphones and other hand-held multimedia devices, growing demand for fiber optics, development of advanced communication equipment’s, increasing applications of fiberoptics in aerospace and oil and gas industries, high growth in the consumer electronics sector, growing semiconductor market, increasing market for solar PV, launch of 5G services are driving the growth of Silicon tetrachloridemarket.Moreover, increasing demand for fiber optics in the Asia Pacific regionisdriving the silicon tetrachloridemarket growth. Additionalfeatures that are expected to fuel this businessare integration of latest manufacturing technologies and growing investment by governments.

Silicon tetrachloride is the major source of pure silicon while manufacturing polysilicon for photovoltaic cells. Extracting silicon from silicon tetrachloride consumes much lower energy and cost as compared to silicon produced from raw silica. In addition to that, silicon tetrachloride is a byproduct of polysilicon manufacturing from metallurgical-grade silicon. For each ton of polysilicon, 3-4 tons of silicon tetrachloride is produced. Hence polysilicon manufacturers prefer silicon tetrachloride instead of raw silica to save on cost, energy, and time. Moreover, the government from various countries has enforced laws to prevent unauthorized dump of toxic silicon tetrachloride. For instance, in China, 98.5% silicon tetrachloride produced as a byproduct is required to be recycled which compels manufacturers to adopt silicon tetrachloride as a raw material for polysilicon production. Rising consumption of silicon tetrachloride for polysilicon manufacturing is the primary driver of the silicon tetrachloride market.

Report Highlights:

  • Among the grade segment, electronics grade dominated the overall market in 2020. Silicone tetrachloride has major applications in the field of semiconductors and PV (photovoltaic) cells. Thus, electronics grade silicone tetrachloride captures the maximum share by grade segment.
  • The polysilicon segment accounted for the major share of revenue in the derivatives segment with more than 67% share in 2020 due to high demand for polysilicon in electronics and solar photovoltaic industry. Polysilicon is a chief feedstock substance used for the manufacturing of solar cells in recent times.
  • Chemical intermediate accounted for the largest revenue in the application segment. Silicon tetrachloride is used as an intermediary for manufacturing silicon-based commodity. Optic fiber preform segment is expected to grow at the highest growth rate through the estimate duration.
  • Evonik Industries AG, Dow Corning (Dow), and Linde Plc accounted for a significant share of the global silicon tetrachloride market.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The silicon tetrachloride report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

The report includesinformation for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the Asia Pacificregion dominated the worldwide market with a market share of higher than46%. China and India indicated the highest slice in Asia Pacific principallydue to high demand for fiber optics and high smartphone use. Moreover, launch of 5G connectivity and availability of large labor force also supported the high market portion of Asia Pacific. The Asia Pacific region is also projected to grow at the highest CAGR of around 5.3% in the estimate period due to increasing investment by key companies on latest technologies.

North America was the subsequent significant market chiefly due topresence of skilled professionals and early adoption of latest communication technologies. Presence of major companies in the North American region is also expected to lift the demand for Silicon tetrachloride in the anticipated time-span. Latin America and Middle East and African region will display noticeable growth.

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Key Market Players and Strategies:

Leading competitors contending in the global silicon tetrachloride market are as follows:

  • Momentive Performance Materials
  • Heraeus Holding
  • Linde Plc
  • Evonik Industries AG
  • Dow Corning (Dow)
  • Air Products and Chemicals Inc.
  • Tokuyama Chemicals (Zhejiang) CO. Ltd.
  • OCI Co. Ltd.
  • Shandong Xinlong Group Co. Ltd.
  • Hubei Jingxing Service and Technology Co. Ltd.
  • Air Liquide S.A.
  • American Elements

Increased spending on research and development along with mergers, acquisition, and collaborations are the important strategies taken up by manufacturers operational in the global silicon tetrachloride market. Moreover, leading companies are investing heavily on research and development for the use of silicon tetrachloride in new sectors.

Major Market Segments Covered:

By Grade

  • Technical Grade
  • Electronics Grade

By Derivatives

  • Fumed Silica
  • Polysilicon

By Application

  • Silicone Rubber
  • Optic Fiber Preform
  • Chemical Intermediate
  • Others

By Geography

  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
  • Latin America
      • Brazil
      • Rest of Latin America
  • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Why should you invest in this report?

If you are aiming to enter the global silicon tetrachloride market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for silicon tetrachloride are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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